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Franchising is a continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing, training, merchandising, marketing, and managing in return for a monetary consideration. Franchising is a form of marketing and distribution in which the franchisor grants to an individual or company (the franchisee) […]

Advantages and Disadvantages of Sole Proprietorship

A sole proprietor business is established, owned, financed and controlled by a single person who is known as sole trader or sole proprietor. Such a business run by sole trader or sole proprietor is known as sole trade or sole proprietorship. Some of the advantages of sole proprietorship are:- 1. Easy to Form 2. Effort-Reward […]

Types of Cooperative Societies

Some of the types of cooperative societies are:- 1. Consumers’ Co-Operative Societies 2. Producers’ Co-Operative Societies 3. Co-Operative Marketing Societies 4. Co-Operative Housing Societies 5. Co-Operative Credit Societies 6. Co-Operative Farming Societies. What are the Different Types of Cooperative Societies? Types of Cooperative Societies – 6 Main Types: Consumers’ Co-Operative Societies, Producers’ Co-Operative Societies, Co-Operative […]

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